(1)This Chapter—
(a)provides for trade loss relief against general income (see sections 64 to 70),
(b)provides for early trade losses relief (see sections 72 to 74),
(c)contains provision restricting both those reliefs (see sections 75 to 82),
(d)provides for carry-forward trade loss relief (see sections 83 to 88),
(e)provides for terminal trade loss relief (see sections 89 to 94),
(f)contains restrictions on the above reliefs for trades, professions and vocations carried on wholly outside the United Kingdom (see section 95), and
(g)provides for post-cessation trade relief (see sections 96 to 100).
(2)This Chapter is subject to paragraph 2 of Schedule 1B to TMA 1970 (claims for loss relief involving two or more years).
(3)For a rule treating an individual as starting or permanently ceasing to carry on a trade, profession or vocation for income tax purposes (including those of this Part), see—
(a)section 17 of ITTOIA 2005 (effect of becoming or ceasing to be a UK resident), and
(b)section 852(6) and (7) of ITTOIA 2005 (corresponding rule in the case of a trade or profession carried on by a firm).
(4)For the purposes of this Chapter sideways relief is—
(a)trade loss relief against general income, or
(b)early trade losses relief.
(5)References in this Chapter to a firm are to be read in the same way as references to a firm in Part 9 of ITTOIA 2005 (which contains special provision about partnerships).